Family Offices In Singapore: An Update & Recent Trends

Family offices have evolved over the years to play myriad roles. While they primarily aim to support the cultivation and succession of wealth, they also provide many competitive advantages against their more traditional wealth management counterparts. Family offices can be effectively used to implement integrated family governance and inter-generational wealth management, provide customised solutions, and access to networks and relevant expertise. It is estimated that there are at least 3,000 single family offices in existence globally, at least half of which were set up in the last 15 years[1].

The Evolution And Professional…